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Consider the following cash flows: Year Cash Flow 0 $ 4,950 1 1,450 2 2,550 3 1,250 4 950 What is the payback period for

Consider the following cash flows:

Year Cash Flow
0 $ 4,950
1 1,450
2 2,550
3 1,250
4 950

What is the payback period for the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Payback period years

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